LUKOIL is going to produce 86 million tonnes of oil in the Russian Federation, LUKOIL President Vagit Alekperov said at the meeting with RF President Vladimir Putin.
“This year, we will produce 86 million tonnes in the Russian Federation. We are maintaining our production levels by opening new fields. But everything is becoming more complicated, unfortunately, because, as you know, we are limited to dry land. We opened another field in the Caspian last year and have nearly completed our geological exploration work there.
We have new initiatives, which the Government is currently examining, for beginning work to open up new fields in places where geological exploration work has not yet been carried out. Our company has built up capabilities that it must continue to develop of course, and development means exploring new fields and launching new projects. I therefore ask for your support so that we can begin this work without delay”, Vagit Alekperov said.